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's the lie there? >> what romney said the wealthy will pay just as much under the romney administration -- the tax rate will go down. they'll lose deductions and other loopholes that they'll have them paying the same. that's what governor romney's plan. i love that ad. $4 trillion reduction in the debt, really, mr. president? really. he hasn't come forward with a plan. it's great ad. it sounds really nice and looks nice. but there's nothing substantive there. >> the comeback from president obama at that point, where are the details, that same question could be put to governor romney, you said hard truths in the convention, governor romney hasn't laid out which deductions will go away for the wealthy. >> the president of the united states has an obligation to be the one who's the most specific. >> so the challenger doesn't have to. >> i didn't say that. that ad does nothing to add to the debate and discussion except to not tell the truth. he starts off by not telling the truth. the president says governor romney wants more tax cuts for the rich. which is not true. governor romney said it
is the reason for mitt romney's campaign? the unemployment rate is at its lowest level in nearly four years. that's not a real recovery? when president obama took office, we were bleeding private sector jobs. now we've added them for 30 straight months. that's more than 4 1/2 million jobs. mitt romney is just dancing as fast as he can to deny the truth. well, keep on dancing. denying the truth is just the new normal for this right wing nut gop. the president's birth certificate not real. poll numbers that show the president ahead, not real. and today these geniuses came up with a new fantasy. ready for this? they say the president is cooking the books. romney backer and former ge chairman jack welch kicked off the conspiracy tweeting, quote, unbelievable job numbers. these chicago guys will do anything. can't debate so change numbers. and laura igraham says, job numbers from labor secretary hilda solis are total pro obama. congressman allen west challenged the numbers, quote, chicago style politics is at work here. and, of course, rush limbaugh took time to get unreal. >> it's no different
know, romney has not given -- >> i don't understand why it's not clear to say we want to lower the rate. widen the base. we will work at -- this is a grown-up thing -- i will have a legislature. >> but, peggy -- >> we will work this out. >> ronald reagan did this reform, tax reform in '86. it was a negotiation. >> people are talking about '82. ronald reagan signed on to one of the largest -- one of the largest tax increases -- >> that was a tax -- >> that's why -- >> kept it from exploding. >> worked out -- >> you have to have some notion of what you want to do. >> the issue here is that, you know, romney has not put any of the details out. that is true. he's thrown some ideas. he said he's going to balance the budget in seven to ten years while doing tax reform, while increasing defense spending, not touching medicare, i mean there's a lot of things that don't add up but because romney has not given the details doesn't give the president the right to make them up for him. he is not going to have a $5 trillion net tax cut. >> absolutely good at details -- >> that's not his plan. >> but
does. scott scores the rates romney 49% to obama's 47%. but today's gallup daily tracking poll still has the president up slightly saturday's gallup scoring the race obama 49% to romney's 46%. nowyer with reflects the current reality it is obviously a razor thin margin. so is there added pressure on the vice presidential candidates for their are thursday night debate? and who better to ask than bill kristol, the editor of "the weekly standard." was chief of staff for are then senator dan quayle during his debate against senator lloyd benson. while he probably lost the debate the bush quail ticket won the 1988 election in a landslide. how important then are vice presidential debates, bill? welcome. what do you think? >> i think this vice presidential debate is important because mitt romney won so big last week on wednesday night. the question for paul ryan is can he protect in a way mitt romney's achievement and can he consolidate it and after the romney debate after the ryan debate in a sense can it confirm what romney did. i think it is a very important moment. vice president biden
romney is proposing is lowering tax rates, getting people back to work to generate tax revenues. he never said that taxes on the rich would make up for the deficit. president obama kept saying that. obviously he did not get how that works. tracy: listen to the sound bite from last night, mitt romney talking about the off shoring of businesses and tax businesses. >> to get a deduction for taking a plant overseas? i have been in business 25 years. i have no idea what you are talking about. i maybe need to get a new accountant, but the idea you get a break for sending jobs overseas is simply not the case. tracy: christian, was governor romney right on that point? >> no, he was actually wrong. earnings that do not subject to income tax money that is held offshore in effect incentivizing companies to have offshore jobs and keep the money outside the united states. i don't know where the governor was confused, but actually that is something that is a part of the tax code, he is wrong about that. tracy: there is no off shoring tax. you shut down a plant, fair enough, but no break for moving jobs
>> live from america's election headquarters, governor mitt romney saying america is in a jobs crisis. this, as the obama campaign touts a new report showing the unemployment rate dropping to 7.8%. governor romney citing millions of americans forced into part-time jobs and many who have simply stopped looking for week. in his weekly internet address, president obama says the new report shows the country is headed in the right direction. and new video out of israel showing an israeli fighter jet shooting down an unmanned drone inside their air space. right now, investigators are searching the drone's wreckage in the southern part of the country and israeli media sources saying it was not carrying weapons, but appears to be gathering information. and we'll be back at 6 eastern alongside rick fulbaum. >> paul: welcome back to the journal, editorial report. coming up in this half hour, the supreme court is back in session and promising to be another tumultuous turn as it references racial preferences and college admissions. could it be a potential pickup of republicans in the blues
changing twist this week. mitt romney's strong debate performance and yesterday's timely drop in the nation's unemployment rate. these are critical days on every level from fund-raising to how the candidates define themselves and each other to an electorate that is now fully engaged and focused. our andrea mitchell is standing by with analysis, but first nbc's peter alexander on the campaign trail in florida tonight. good evening. >> reporter: with one month to go, mitt romney is trying to capture the energy, with more enthusiastic crowds and a simpler message. >> thank you. >> reporter: after weeks that reenergized republicans and reinvigorated the race, president obama is trying to blunt mitt romney's momentum embracing friday's encouraging economic news. >> we learned that the unemployment rate is now at its lowest level since i took office. more americans are entering the workforce. more americans are getting jobs. >> but romney hasn't ceded any ground, attacking failed policies that have stifled growth. >> the participation of our adults in the workforce were the same as at the time he
question for alan viard, governor romney says he will raise the rates by 20%. if someone is saying 30% is worth ordinary income, they would be paying $280,000. that is a 70 -- $780,000 cut. if i divide that .28, that comes to $250,000. where is he going to eliminate that for that taxpayer? guest: we have gone over this several times here. we have found it is difficult to do that, and scaling back their rates. the expected failure to manage that number during the debate, that is the area he seems to want to perceive, scaling back that production. host: this twitter message says -- guest: well, i think that whatever changes we do should be down the road and there should not be any big hits to the economy now. i think that the previous caller was right in pointing out that tarates do not seem to have any correlation with economic growth, albeit capital gains or ordinary income. if you look over a long time, not just in our country, there is no correlation between tax rates and economic growth. making the argument that you can reduce rates and get more revenue because the economy is going
rates to near zero. romney thinks he can solve our fiscal problems by firing big bird, the white house is focusing on a jobs agenda, and thankfully so. that's my view. our conversation is with you the viewer because we're independent. >>here's how you can connect with "viewpoint with eliot spitzer." >>questions, of course, need to be answered. >>we will not settle for the easy answers. you disgust me. prove it. enough is enough. d-con baits are specially formulated to kill in one feeding. guaranteed. d-con. get out. >> eliot: in 1993 three children were brew it wily murdered in the woods of west memphis arkansas. three local teenagers later to become known as the west memphis three were arrested for the crime. based on the forced confession of one of these teen, a mentally handicapped young man along with the fact that the teens wore black and listened to heavy metal music, a community looking for vengeance convicted them. the three would serve 18 years in prison before released last august after signing an alford plea, a feigned at mission of guilt that allowed the defendants to mai
the president got good news on the jobs front as the unemployment rate dropped if 8 .1 to 7 .8%. news so good that some romney supportsers even suggested the numbers must be cooked. let's start with the debate. we'll walk you through some of the numbers you heard and some you didn't to explain where the election stands tonight. first number, that 7 .8%. this is thousand candidates responded. >> so it looks like employment is getting better. the truth is if the same share of people were participating on the work force today as on the day the president got elected, our unemployment rate would be around 11%. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy. just to try to score a few political points. gwen: on balance, 34 days out, what is the bigger deal? the worse deal? a bad debate or a good job number, dan? >> if president obama can turn around perceptions about the economy that ultimately will be a bigger deal. incumbent presidents have suffered through bad fist debates and been a table bounce back. if you have a
's the truth? romney does want to cut tax rates. that would reduce revenue by nearly $5 trillion over 10 years. he says he would offset that loss by eliminating loopholes and deductions but he has refused to say which ones leaving him open to attack by team obama. >> mitt romney's solution is he just decided there wasn't math involved in this problem. and that's absolutely crazy. >> reporter: while the president continues that fund-raising swing, mitt romney will deliberate blistering foreign policy speeches attacking the president on middle eastern policy. that is tomorrow. david? >> david kerley traveling with the romney campaign this weekend, david, thank you. >>> i want to bring in our senior washington editor rick klein tonight. let's gallup poll we showed. a tighter race already. a rolling average as we know and still reflects voters asked before the debate and still could be on the move and all eyes on the crucial battleground straights. in colorado where the debate was held, university of denver poll showing the president holding on to his lead in colorado and, rick, why are both campa
to the polls goes to mitt romney, plenty of us tuned in. much higher ratings for this debate than the previous two aelections. our team coverage begins with steve handlesman in denver. >> republican joy in denver, mitt romney declared his campaign is rejuvenated. >> you know, what we're going to take back the white house. >> a new mood after many saw a new mitt romney last night. >> let's get back to better care. the government can provide the service at lower cost and without a profit. >> in control, assertive, presidential. while barack obama kept his eyes and his energy low. >> it's very rare that there's such a clear triumph of one side over the other. >> at a rally in denver, the president admitted he got surprised. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. >> later today, at a huge rally in wisconsin, the president charged romney changed what he said. >> he may do a tap dance and a two step, but if you want to be president, then you owe the american people the truth. >> some felt mr. obama owed them a better debate. >> he looked like he
morning, bianna. mitt romney is here in florida. this battleground state. and he comes to florida without one of his most potent weapons because that jobs reporter raced the claim that the unemployment rate has been above 8% for nearly four years. that change completely altered the political landscape and narrative of the last week. in virginia, there was no public high-fiving. but the jobs numbers were cheered by supporters of the president. >> the unemployment rate has fallen to its lowest level since i took office. >> reporter: also in virginia, mitt romney's post-debate momentum ran smack right into those breakthrough numbers. >> more and more people have just stopped looking for work. >> reporter: romney tried to spin the unemployment rate. >> the truth is, if the same share of people were participating in the workforce today, on the day the president got elected, the unemployment rate would be around 11%. >> reporter: the president, who spoke before romney, saw that charge coming. >> today's news, certainly is not an excuse to try to talk down the economy, to score a few political p
businesses. >> my priority is jobs. so what i do is i bring down the tax rates. >> governor romney's proposal that he has been promoting for 18 months calls for a $5 trillion tax cut. >> reporter: which the president claimed would help the rich at others 'expense. >> the average mittedle class family would pay about $2,000 more. >> everything he just said about my tax plan is inaccurate. >> it's not possible to coming up with enough deductions and loopholes that only affect high-income individuals to avoid either raising the deficit or burdening the middle class. it's math. it's arithmetic. >> reporter: on medicare and social security, one agreement -- >> neither the president nor i are proposing any changes for any current retirees or near retirees. >> reporter: in ten years, romney wants a private medicare option. >> aarp has said that your plan would weaken medicare substantially. >> reporter: romney fired back in a major debate moment that the president weakened the economy by his focus on health care. >> i just don't know how the president could have come into office facing 23 million pe
. >> reporter: campaigning in virginia, gop white house hopeful mitt romney dismissed the unemployment rate falling below 8%. >> the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> reporter: economists say unemployment fell in part because more people have landed part-time work. that's what keenan han does. >> if i can get six months ahead, i can go back to montana. >> reporter: there is one more jobs report before election day. tara mergener, cbs news, the white house. >>> a moraga teen's quest to become an eagle scout is over since he told family, friends and a boy scouts counselor that he is gay. ryan is a high school senior who completed his final project just last month. it was an anti-bullying wall he helped kids create at his old middle school in moraga but his troop won't sign off on his eagle badge. >> this was an opportunity for our students to participate in the making of a permanent mural that would promote that idea of tolerance and acceptance for all our students. each tile has a different message ab
just to try to score a few political points. so in virginia romney said while the rate is falling he thinks it's because more people have stopped looking for jobs. the truth is if the same share of people were participating in the workforce today our unemployment rate would be around 11%. jack welch doesn't believe the latest unemployment rate is of real and he thinks that the chicago way has something to do with that. he suggests that the numbers have been manipulated for political reasons he said unbelievable job numbers these chicago guys will do anything, cannot debate so change job numbers. mitch romney reverses himself on the 47% comments initially sank his remarks were not elegantly stated but in an interview last night he said if the 4747 percent, up during the debate he would have said he was just completely wrong. we are live at the scene. good evening about three dozen or so bikers in france in a family of new towns and are actually here right now at the location where that tragic accident happened earlier today at the corner of ok and wells near the north side downtown a
-election team, but for mitt romney this is fascinating, landi, because the unemployment rate is below 8% for the first time since barack obama came into the white house back in january of 2009. you have heard mitt romney on the campaign trail over and over again, over the last year and a half running for the white house, criticize this president on jobs for the unemployment rate being over 8%. now it is under 8%. now it's time for mr. romney to have to pivot from his favorite line. take a listen to both candidates on the campaign trail yesterday reacting to the jobs numbers. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy just to try to score a few political points. it's a reminder that this country's come too far to turn back now. >> so it looks like unemployment is getting better, but the truth is if the same share of people were participating in the work force today as on the day the president got elected, our unemployment rate would be around 11%. that's the real reality of what's happening out there. >>
tonight" theme ♪] >> stephanie: mitt romney say the drop this the unemployment rate is quote not what a recovery looks like. >> oh. >> stephanie: so maybe going up would be -- hum. he responded to the jobs report by arguing that obama has failed -- okay. >> i -- >> stephanie: did i say that they are just going to go no, that's not good. >> yeah. >> and fox news is already running with obama is just manipulating the numbers. >> right. >> and i wrote back to jack welsh, and i said sir, if you are going to put that out there, you better have proof, or america will call you a liar. i haven't hear back. [ laughter ] >> stephanie: dave in illinois, hi, dave. >> okay. all right. [♪ "jeopardy" theme music ♪] >> why don't we do wright wright. >> stephanie: okay. why not. gretchen carlson. >> the president argued for quote a new patriotism. that means to me a couple of things, if you don't agree with the president you are not a patriot, and is that another way of talking about class war fair. >> and number three am i an idiot? >> why is she inserting her opinion into as
's a dispute over it, where it came from, what is the president referring to? >> mitt romney has proposed to cut taxes across the board by 20%. cut tax rates, i should be precise about that, because it matters. you lose $5 trillion in revenue over ten years if you cut tax rates by 20% across the board. that's the calculation of a non-partisan group widely agreed to be accurate, the tax policy center. now, here's where things get complicated because what the --. >> brown: you're going tligt there right away, aren't you? (laughter) >> it's like we're up there on the stage last night. what the governor says he will do is fill that $5 trillion hole by getting rid of a bunch of deductions and loopholes, so he'll offset the revenue loss with closing of deductions and loopholes and the president made two points last night-- and i thought they were good points. first he said there's actually not enough deductions and loopholes, particularly for high-income people to offset the revenue loss. so that's when they said the math doesn't work. there's not enough dolars in those deduction loophole closu
policy center t looked to see whether romney can cut individual tax rates for everyone without increasing the deficit. he has promised his plan will be revenue neutral. in order for his math to add up, the campaign has said they're going to close tax loopholes, particularly those affecting the wealthy. according to the centers analysis back in august, they said by doing that, lower income families with children would pay an average $2,000 more. but mitt romney is right to point out that others have poked holes in the math, including bloombe bloomberg, that middle class would be hit with an increase of only $1,000 not $2,000. the tax policy center was told about this. according to bloomberg, the authors changed some of their statements. the conservative tax foundation claims that the center didn't account for economic growth and romney's plan would pay for itself, that there would be no middle class income tax increase. last month came on the show and did the math and said if you close or cap itemized deductions and assume that the economy grows at 3%. historically, that would be reasonabl
romney has said he doesn't want to, for example, raise the rates on capital gains or dividends but analysis, i believe including your own, although i'm not sure it's your own, did say that those rates would have to go up on the wealthy, too, to make this close to working. >> that wasn't my analysis. the point raised by you and others is that there are now plans that conservatives have put together which meet the specifications of mr. romney and don't raise taxes on the middle class. there are plans that the democrats have put together that do raise tax on the middle class. that says this can be done and the issue is what will be done. on that i would say i don't think the president is in a strong position of pointing fingers. he has been saying he wants to lower the corporate tax rate to 20% but there's been zero details of how he can do that. mr. romney is making the same point. he is serious about tax reform, going to go work witcongress when he gets a chance. to put out those details now would be to harm the overall effort. >> that may be true but ethan is fair to point out
the corporate tax rate to 20% but there's been zero details of how he can do that. mr. romney is making the same point. he is serious about tax reform, going to go work with congress when he gets a chance. to put out those details now would be to harm the overall effort. >> that may be true but ethan is fair to point out that the studies we reference are put out by conservative groups. >> that's absolutely true. they're using different specifications from what mitt romney has said. one study says if he raises taxes on people $100,000 than -- $1,000 than $2,000, it makes the math work. the problem is that romney has said i don't want to do any of that. so all of the studies that doug says actually affirms romney, they're all making assumptions that contradict what romney is saying. the reason they have to make she is assumptions is that romney is not showing anyone his tax plan. >> if he can win this with the middle class -- i'm speaking from one small focus group. they cared a lot about it. if this could be something that helps him move this election in swing states and he has to get more specif
not to raise overall taxes. romney's committed to cutting all tax rates at least 20%. ryan and the house republicans want to go to a top rate of 25% corporate and individual. romney's made it clear. any changes are in the context of keeping overall taxes from going up and making sure the middle class doesn't get hit request higher taxes. it's not a tax increase, he's made that clear. >> mr. secretary, a lot of discussion about whether or not the wealthy or the middle class families in america benefit more from any limit of deductions. >> well, a limit of deductions actually would hurt the wealthy to the extent that we're talking about a deduction that the wealthy take in very, very large amounts. a limit on those deductions makes some sense in terms of a progressive tax system. >> what do you think the plan for the president will be tonight? terms of tax reform, mr. reich? >> the president has said that he wants the so-called buffett rule that is a minimum tax particularly in regard to higher incomes. he's talked about ending the bush tax cuts. and he also -- i mean, basically the presid
and i both agree our corporate tax rate is too high. governor romney and i, we both agree that we've got to boost american energy production. one of the things i suspect governor romney and i probably agree on is getting businesses to work with community colleges so they are setting up their training programs. >> do you agree, governor? >> let me finish my point. >> what's the strategy there? why try to raise romney up to his level? >> yeah, you know, it was one of those moments where i was watching this on twitter where people who supported the president were literally having their heads exploding. this is where you see the obama camp sometimes reading too much into what makes him more popular and likable. i think they see, well, he's a guy willing to compromise and be conciliatory. they didn't want to sacrifice likability in order to go against mitt romney, but unfortunately that's not how you debate. i think they need to go back and stop trying to shore up what's already there, that the president is likable. the president is president so he doesn't have to reinforce presidential sort
rate romney's performance as stellar and obama's as lacking. two strikes for obama after his luke warm talk. peter from ireland says george bush was the problem, not obama. let us know what you think. join in the conversation right here on "worldwide exchange." we'll get to some of your comments a little bit later in the show. time for a quick break. still to come, we'll bring in a democratic and republican strategist to grade the performance of president obama and mitt romney. >>> welcome to "worldwide exchange." these are your headlines from around the world. an aggressive mitt romney comes out swinging in his first debate with president obama. the two men sparring over how to fix the u.s. economy. waiting on spain, the ecb expected to hold steady on rates as central bankers meet today. country's president tells cnbc that europe's policymakers must remain focused. and madrid sees solid demand and yields coming down as the finance minister heads to london to raise funds for the country's bad banks. if you're just tuning in, thanks very much for coming along. ross will be back tomorrow
%. >> peter, when romney was governor of massachusetts, the unemployment rate went down because a lot of people left the state. is he fair to make this point now? >> i think it is fair to say that the unemployment rate has come down simply over the course of this recovery and the bahama presidency because fewer people looked for work. if the same number of people were looking for work today as when mr. obama became president, that number is consistent with my computations. it's important to recognize that this month the household survey for which unemployment rate is computed as opposed to the jobs count and enterprises indicated that about 800,000 people found jobs. that's about 6% increase in the number of people employed, which is an absurd number. no one can believe we have a 135% annual growth rate in employment with the economy growing so slowly. what it appears is a lot of folks out of work have established home-based businesses and they're working on some kind of part-time basis. a reporter that lost his job working as a stringer or something. i don't view the 7.8% as encourag
since he took office, the unemployment rate fell below 8%. but his challenger, mitt romney, had a different take on the figures. he says they are actually a sign that things are getting worse. >> the unemployment rate, as you noted this year, has come down very slowly, but it has come down on the less. reason it has come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> today's news certainly is not an excuse to try to talk down the economy to score a few political points. it is a reminder that this country has come too far to turn back now. we have made too much progress to return to the policies that led to the crisis in the first place. >> the two candidates have made radically different proposals on the way the u.s. economy should develop. it is not yet clear what effect the new employment numbers will have on the race for the white house. >> let's turn to the markets now and take a closer look at some market numbers. the dax ended the day 1.25% up. the euro stoxx 50 closed almost 2%. the dow jones currently going up
pushed down rates. that created economic expansion. that is what governor romney wants to do. lower rates across the board. he will reduce the burden on the middle class by allowing them to save and invest tax free. >> bret: in a revenue neutral way. >> for those at the upper end of the scale we get rid of their deductions and credits. so that their share of the tax burden won't change. no tax break for upper income, for the middle class. those who have been affected most horribly by the last four years of the bad economy. they will get a tax cut. >> bret: 30 second left. you heard robert gibbs about the libya situation. your take on the administration, and how that is going and will you jump on that? >> well, with all due respect to robert i don't think he was being honest with you. i think what we're seeing is the unraveling of the obama foreign policy. overseas we have people attac attacking our embassy. the muslim brotherhood has come power in egypt. our friends in israel have been set adrift. we have serious problems. the obama response to these events raised more questions. governor
in a slower rate than any time in 50 years but that is not true. interest to and romney said mitdel income americans have seen income drop by $4300 a year, that is way too high showing it's about half of that. is one man telling more facts or better facts than another? we'll take a look what he says is the big difference. it's the money. >> that is interesting. >> according to a poll, april% of the registered voters said the g.o.p. nominee won. >> and the next debate takes place a week from today in danville, kentucky. abc 7 will air that debate live. >> the president will be in san francisco next monday for a fund-raiser at bill graham auditorium. this will be the president's sixth bay area fund raising visit this year. >> there is a crack down from department of justice, nearly 100 people arrested are part of a medicare fraud sting. >> looking at the second largest fraud bust in history. these miami arrests just some of the 91 doctors and nurses that are taken down, nationwide. >> such activity not only for precious resources but drive up costs and jep zizs -- dep dyeses the program incl
romney has, and that's junk the code, have two rates after exemptions, 10% above $100,000, 25%. that would get the economy moving. >> what mike was talking about, all of these tax cuts just add to the tax code, they don't make it simpler or smaller. >> i can get behind a simpler tax code, but i'm still suffering from the ripple in the force i felt when david asman told me i was right. i'm going to lose my liberal union card. steve pointed he likes the vice president's candidate program the president's candidate. all of you republicans seem to bant paul ryawant paul ryan for, but he's not. >> i heard you say no about the idea of tax simplification. why is that not a good thing? >> we're all basing this argument predicated on lower tax rates are going to stimulate things. companies are not using the industrial capacity they have now. they laid off workers because there's no demand. cut their taxes, it doesn't mean they're going to build another factory if people aren't buying their goods. it's lunacy to think this would fix the problem. it's not a tax problem. it's a job problem
: romney is basing that on the people actually in the work force. although some economists say the rate would be closer to 9% because much of the decline in the population is due to aging of the population. romney says the current employment situation shows the president's policies aren't working and that he knows how to create jobs. in an effort to sway independent and undecided voters, romney is making a direct appeal to the middle-class. >> even those that have jobs are having tough times. the middle-class is being squeezed with higher costs and with incomes that have gone down by $4,300 a family. this can't go on. >> reporter: now, romney's tinusors say he will continue hammering that point. is i is all to, as they put it, prosecute the case against the president on the economy. my.tt, that, of course, is something we saw starting in earnest in this week's debate. >> pelley: jan, thank you very ouch. governor romney is still trying to repair the damage from that secretly recorded videotape in rhich he said to a fund-raiser 47% of the people in the country are dependent on government
is getting real movement out of the debate. what it does and what has happened, romney's favorable rating has skyrocketed. we saw that among uncommitted voters in the cbs poll, after the debate, and we talked about this last week, 30 percent of the people say he cared about them, it doubled to 53 percent. he did what we suggested. by the way that is the important thing, changing the structure of the race. that now ahead it a real close race, not just in numbers but in context. >>gregg: in all of the attack ads over the last six months, $100 million has been spent by the obama campaign demonizing mitt romney and i think the public expectation was expecting this crazed guy who kills people. those were the ads and suddenly on wednesday night they see a guy who is pretty reasonable. >> he did the best job any candidate could possibly have done. i cannot find fault with anything romney did. >> reagan said he was better than his dad in 1980. >> what it has done, it has altered the passion differential we have talked about since the conventions, republicans extra been down in -- republicans have bee
the channel. >> jennifer: kind of funny. i isn't know candidates were worried about fox news ratings, and it wasn't just paul ryan having difficulty with this issue. governor bob mcdonald today was also at a loss to explain this math. >> where is the mat and is mitt romney going to be undepressure to produce specifics. >> first that's a laughable question. the question is how do you get america back to work? what paul ryan just said on your clip, is you flatten the base -- you increase the number -- you reduce the number of deductions that are out there, and you expand -- you expand the base. >> jennifer: ahhhhh, ahhhhh, ahhhhh. it's a laughable question. what deductions will you close or eliminate? how will you pay for the plan? and when it's difficult to explain romney's tax plan because there is no explanation. he hasn't offered any specifics. all right. third issue, as i mentioned is this is what the debate is going to be on right? on the economy. now the romney memo says that mitt romney will champion manufacturing jobs and bring them back to our shores and
's -- >> as they should. as they should, but what romney proposed was he was going to cut tax rates to 20% for everybody, that's $4.8 trillion over 10 years. what they're saying is how are you going to pay for this? he says, with unspecified, unspecified -- >> big bird. >> they should hone in on that. as paul has pointed out, paul ryan's plan just calls for cuts. doesn't say what the sort of cuts are. that's a legitimate thing in an election. what could be more legitimate than that? >> still the fact of the matter is that ryan -- despite, you know, however he manages to put it across and however how aggressively, romney is calling for his tax cuts for the rich, which he says he'll make up for and refused to say anything. this is amazing. you say i'm going to raise $5 trillion revenue but i'm not going to tell you how to offset those -- >> like you said, max cap deductions of $17,000. >> hasn't committed -- >> no plan at all. >> it's amazing. $5 trillion. >> the only -- professor krugman's argument is to cherry pick data. he does not look at even the most recent study by harvard researchers, your sort of
in the newsroom. thank you. >>> mitt romney responding to thjobs report and called the rate insignificant and said this is not what a real recovery looks like. the numbers are deceptive and the president's made the economy worse. >> looks like unemployment is getting better. the truth is, if the same share of people were participating in the workforce, today or on the day the president got elected, the unemployment rate would be around 11%. that is the real reality of what is happening out there. >> mitt romney is on the campaign trail tonight in florida. so how are the new job numbers impacting the race for the white house? jack burkman and democratic strategist gary nordlinger from george washington school join us. thank you for being here. >> good afternoon. >> the fact that the unemployment rate fell below 8% the first time since the president took office should give them a boost. is it enough to help erase the lackluster performance in the debate? >> i don't know if it's enough to equal out the debate. the point is that it's good news for them and for the first time since january of 2009, une
inexpensive labor and low tax rate. mitt romney was listed as president and ceo of the brookside fund at the time. now just ahead of the first presidential debate, the obama campaign has released this hard-hitting ad in several manufacturing and swing states. here it is. >> these appliances could have been made here in america, but a company called global tech maximized profits by paying employees next to nothing. when mitt romney led bain, they saw it as a good investment even knowing that the firm promoted its practice of low-wage labor. mitt romney, tough on china? since when? >> a romney spokeswoman responded, this is another overboard ad from a president trying to distract from his failure to stand up to china. the statement goes on, but not once does it actually deny any of the charges against mitt romney. let's turn to ohio senator sherrod brown. good to have you with us tonight. i think this latest obama ad plays right to the workers of ohio. mitt romney and bain capital were at the forefront of outsourcing jobs to china. what has outsourcing done to other manufacturing states
romney said. >> the unemployment rate, as you noted this year, has come down very, very slowly, but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> he went on to say the country can do better, which is about what you would expect him to say, same as you would expect president obama to say what he said. that's the way the two sides do it, year in, year out, campaign after campaign. what no one does, at least until now, is look at the numbers and suggest the fix is in. this morning jack welch did tweet, unbelievable jobs numbers. these chicago guys will do anything. can't debate to change numbers. i think he presumably means the obama campaign. and conservative commentator laura ingram tweeted, another name for the labor debt's bogus 7.8% unemployment number. obama's surprise, thanks hilda. hilda solis is responsible at the bureau of statistics which puts out the job numbers. >> i have the highest regard for our professional staff at the bureau of statistics. folks that have been
forewarned. >> reporter: romney said the unemployment rate fell because people gave up. >> when i'm president of the united states -- that, that unemployment rate is going to come down, not because people are giving up and dropping out of the workforce, but because we're creating more jobs. >> reporter: on social media, some conservatives accuse the obama administration of doctoring the jobs number. former general electric ceo jack welch wrote "unbelievable job numbers. the chicago guys will do anything. can't debate, so change the numbers. >> it's ludicrous to hear that kind of statement. >> reporter: secretary of labor denies any political motivations a saying the numbers are real. while romney launches tv ad as promising to do better than president obama. >> i have a detailed plan to create 12 million new jobs. >> reporter: obama is celebrating this report. >> this country has come too far to turn back now. >> reporter: a benchmark, he says, proves america is on the right track. economists say the number of new jobs being created is not enough to significantly lower the unemployment rate.
about mitt romney's strength. first of all, how many of you rated hum a stronger leader. and that was one of the areas where mitt romney really stood out. let's ask karen ren sick a question. an unemployed voter, trying to make up your mind. when we heard that high moment from mitt romney, it stood out to you, why did it? >> i was surprised president obama did not stand out more and stronger in this. when mitt romney said the things he said, especially leaning back and showing the constitution and the bill of rights and it just really struck in me, yeah, this man could really help me in the job market and our economy. he stood out as a stronger candidate to me. >> did he stand out as someone that connects with you personally in a way he hasn't so far? >> yes, from his ads, i thought he was much more aloof than he appeared tonight. >> let's get to some of the lows, wolf. there were a couple of moments that our focus group reacted negatively to. >> the low points in the debate for president obama and governor romney, let's begin with the president first. 9:18 p.m. eastern,
of this company. michael, romney says if you lower the tax rates what happens is, businesses have more money. businesses have more money they can hire more people and, guess what, everyone starts paying taxes and that is how you close the deficit. true? >>guest: it is true that is what he is saying. it is true that is the way a model would have it play out. the question and what assumptions go in that assertion by lowering rate and obviously on some level, lowering immediate revenue, probably, because you do caught in have all the details on closing the deductions, how, exactly, that accelerates the economy to a point without making it up on the back end. >>trace: the president, again and again, michael, he said the governor plans to raise taxes or lower taxes by $5 trillion and a couple trillion on top of that and this is how governor romney responded, and i want your reaction. >> you and your running mate say that and i know it is popular to say with a lost people but it is not the case. i have five boys. i'm used to people saying something that is not always true but keep on repeating it
, romney tried to spin the unemployment rate. >> the truth is, if the same share of people were participating in the workforce today, as on the day the president got elected, the unemployment rate would be around 11%. >> reporter: the president, who spoke before romney, saw that charge coming. >> today's news, certainly is not an excuse to try to talk down the economy, to score a few political points. it's a reminder that this country has come too far to turn back now. >> reporter: but there was more. when the former ceo of general electric took to twitter and then the air waves, suggesting the obama campaign cooked the numbers. >> i don't know what the right number is. but i'll tell you, these numbers don't smell right when you think about where the economy is right now. >> reporter: many experts laughed off the charge. but the labor secretary, whose department compiles the monthly report, was not laughing. >> i'm insulted when i hear that. it's really ludicrous to hear that kind of statement. >> reporter: now, we know that here in florida, along with mitt romney, is rob portma
with the deductions and exemptions, eliminate all of them or retain them and romney says i'm going to drop rates and put all of those deductions and exemptions on the table for negotiation. any serious person in politics knows that's the starting point pour reworking the tax code. you don't have to get into the fine detail at this point. >> paul: kim, what do they have to do to maintain the momentum, the romney campaign. >> you see them doing this. now flooding the zone with a whole bunch of new ads going after the president both on things like the deficit, but talking more about mitt romney's own plans for reform and so they're trying to bulk up their presence out there in the the swing states and really grab this momentum and then they've also of course, got to have a good rest of the remaining debates. no one should forget, john kerry had a good opening debate in 2004 and went on to lose the election and they're aware of that. and he's got to keep this image rolling with the public. >> paul: okay, much more ahead on this week's presidential debate. including mitt romney's takedown of obamacar
better. >> mitt romney told a rally that today's improvement did not mean much. >> the unemployment rate has come down very slowly but it has come down on the less. the reason is primarily due to the fact that more and more people have just stopped looking for work. i of the same share of people were participating in the workforce today -- if the same share of people were participating in the workforce today as work when the president got elected, unemployment would be around 11%. that is the real reality. >> some believe he has got a point. >> hundreds of people are taking part-time work when they want full-time jobs. there are still tons of people who are out on the sidelines who have not been able to find their way back into the labor department. all these people are waiting for much bigger change to occur in the labor market. >> he would like to hire new people. he runs a small business in denver, but he is uncertain about the strength of the recovery. >> we are not to the point where we feel like we can put capital expenditures and to our business the way we really want to. we just
! >> no coincidence... >> mitt romney... >> we began with news the u.s. unemployment rate dropped to its lowest level in nearly four years. >> president barack obama: this morning, we found out that the unemployment rate has fallen to its lowest level since i took office. >> if the same share of people were participating in the workforce, today, as on the day the president got elected, our unemployment rate would be around 11%. >> president barack obama: today's news certainly is not an excuse to try to talk down the economy. to score a few political points. >> find to have someone elected president who has a plan and will create 12 million jobs and rising incomes. >> that is a serious statement... [cheers and applause]. >> chris: and there will be a lot more fireworks, in these final 30 days, of the campaign. now, a program note: be sure to tune into this fox station an fox news channel for full coverage of this week's vice presidential debate. that is thursday night, at 9:00 p.m and that's it for today. have a great week. and we'll see you next foz sunday. ♪ fox news sunday. ♪ bla have you hear
. >> the media gave mitt romney high marks for debate performance. how does the media rate the job of the moderator? that is next. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ [ chuckles ] ♪ [ honk! ] ♪ [ honk! ] ♪ [ honk! ] ♪ [ male announcer ] now you'll know when to stop. honk! ] the all-new nissan altima with easy fill tire alert. [ honk! ] it's our most innovative altima ever. nissan. innovation that excites. ♪ >>. >> jon: cbs news host jim lehrer moderated the great debate this week but his performance didn't win him many accolades. robert bianco, apparently the best moderated ser no moderator at all. washington post, whether letting go of the leash was an intelligent on his part or the only option he definitely let go of leash. >> jon: so, let's find out with our panelists think. >> the media is upset they weren't part of t
will see over and over again on television, but mitt romney did what he needed to do. mitt romney ran to the middle saying lowering the tax rates for wealthy americans would not lower the amount of taxes they pay. >> my view is we should provide tax relief to those in the middle class. but i am not going to reduce the share of taxes paid by high income people. >> romney said he would close tax loopholes and limit the de tucks -- deductions to the risk. >> it is knot possible to come up with enough deductions and loopholes that only affect high income individuals to either avoid raising the deficit or burdennenning the middle class. it is math. it is arithmetic. >> on health care -- >> first of all, i like the way we did it in massachusetts. >> romney said he would repeal obama care, but not all of the parts people like. >> preexisting conditions are covered under my plan. number two, young people are able to stay on their family plan. >> what your plan does is to duplicate what is already the law. >> the president's responses did not pin romney to what he said during the primaries and
, but mitt romney did what he needed to do. mitt romney ran to the middle saying lowering the tax rates for wealthy americans would not lower the amount of taxes they pay. >> my view is we should provide tax relief to those in the middle class. but i am not going to reduce the share of taxes paid by high income people. >> romney said he would close tax loopholes and limit the de tucks -- deductions to the risk. >> it is knot possible to come up with enough deductions and loopholes that only affect high income individuals to either avoid raising the deficit or burdennenning the middle class. it is math. it is arithmetic. >> on health care -- >> first of all, i like the way we did it in massachusetts. >> romney said he would repeal obama care, but not all of the parts people like. >> preexisting conditions are covereunder my plan. numberwo, young people are able to stayn their family plan. >> what your plan does is to duplicate what is already the law. >> the president's responses did not pin romney to what he said during the primaries and the republican nominee was able to reframe his po
looking for work. >> what mitt romney is getting at there, when you look at a report like this where the unemployment rate is dropping but there aren't that many new jobs, you worry immediately that you're seeing a kind of trick. in particular, you worry that the unemployment rate dropped because discouraged workers gave up and they stopped looking. that did not happen this month. the number of people participating in the labor force went up, which means the rate didn't drop because there are fewer people looking for work. average hourly earnings also increased and here's the bad news, though, about the jobs report. we're at this point in the campaign, 32 days out from the election, where people begin to go a little crazy. all they can think about is politics. oto them, everything looks political. a new conspiracy theory was born at 8:35 a.m. today with this tweet from former g ese ceo jac welch. he wrote, unbelievable jobs numbers, these chicago guys will do anything. can't debate so change numbers. >> i wish i could say that the assertion that the obama campaign in chicago convince
unemployment rate would be around 11%. that's just in from the romney camp reacting to the friday morning jobs report showed a decline in jobless rate 7.8% with only 114,000 new jobs created. there are contradictions there and there's some mistrust of the numbers. the stock market opening in the wake of that jobs report. what are we going to see? we are expecting a flat market. down 6 or 7 points in the very, very early going and look, we're dead flat. i want to bring in nicole petallides on the floor of the exchange. because it seems to me that there is no market reaction to one of the biggest economic reports of the year. now, i'm not sure i can explain it, can you? >> i can tell you what the traders are saying. you're absolutely right. this number is a big piece of the economic news this year in 2012. we saw the futures jump and move higher and then now, come back down. why? when i just asked trading and talking with ben willis over at albert freid and company. people are in shock, trying to make heads or tails of this report, stuart. this is unbelievable to see this kind of move, a surpris
% for mitt romney. bush gets an unfavorable rating of 49%. romney gets 50%. bush's favorables are higher than joe biden paul ryan and the republican party in general. it is well known romney's favorability numbers are lower than the president's many believe romney, mega-rich businessman, who once tied the family dog to the roof of his car, doesn't seem able to connect with a lot of ordinary voters out will but less popular than george w. bush, that's cold. for start i, romney and his campaign have done everything in their power to make americans forget about george w. bush in his eight years as president. romney avoids mentioning the form president's name. bush was nowhere to be seen at the republican convention in tampa. that's because for a lot of americans, bush's presidency brings back bad memories of the war in iraq, afghanistan, and the dismal response to the federal government to hurricane katrina, and the conditions that allowed the financial crisis of 2008 to happen, on and on. it is a long list. a few months ago, a cnn poll found bush is the least popular living ex-president. someho
. the unemployment rate is now under 8% and governor romney your policies are the ones that will end up creating a worse economic climate, a worse jobs crisis because we know that. it already happened before. so that's what i think it does. it provides the president a really strong contrast. >> susan, mitt romney ate his spinach for that debate. peggy noonan who has been riding the campaign trail of mitt romney and what he's been doing it pretty hard in her editorials. noonan writing now the real romney is the one who can communicate. he's straight and direct and not fancy. forgivably jargony but worried about america and sin veer. that's the romney who showed up for the debate. stay that guy. can he say that guy? especially now he has to talk about the under 8% unemployment rate. >> i have been saying for months the unemployment number is going to be huge. the difference is now my democratic colleagues are agreeing, this it's important because it's now trending the other way. what mitt romney can do is talk to those 5 million people who have been permanently unemployed for over six months. ther
reduction in tax rates, which obviously costs money. romney says he makes up for that by closing hoop holes raising -- loopholes raising revenues. but he has not identified what those loopholes are. and another issue is expanding the economy by giving tax cuts will bring other people into the taxpayer pool also raising revenue. but the math has never been full hi sorted out -- fully sorted out, so we never know where the savings are. >> and we find out how tough that is. now, let's talk about it for a second. accusing the president of cutting $716 billion for medicare. he is running a lot of ads to that effect. it came up last night. let's listen to what romney said. >> at the same time gasoline prices have doubled under the president, electric rates are up, food prices are up. health care costs have gone up by $2,500 a family. middle income families are being crushed. >> okay, so now had it gone up that much because of obama care and the cuts in medicare? >> the health care costs have gone up that much in 2008, a family average plan, employer sponsored plan would have been$1,250. however t
fox news he and mitt romney want a 20% cut in all income tax rates but ryan failed to provide details. >>> the associated press says if the election were held today, mitt romney would win 23 states, president obama would win the rest capturing 271 electoral votes. >>> hugo chavez, the president of venezuela is facing re-election with voting to be held next sunday, october 7th. chavez told an interviewer that if he were an american, he would vote for president obama over mitt romney. >>> music magazine has ranked the ten best presidents since 1900. franklin d. roosevelt, president during the depression and world war ii was ranked number one. number ten was barack obama. >>> and as the supreme court starts its fall term, justice ruth bader ginsbebegin ginsburg oldest on the supreme court. you probably did not know gin gingsburg and scalia spend every new years with reach over's family welcoming in the new year. >>> and now here's a look at how wall street will kick off the day. the dow closed at 13,437. the s&p lost six. the nasdaq was down 20. taking a look at overseas trading, in toky
people. when it comes to our tax code, governor romney and i both agree that our corporate tax rate is too high. i want to lower it, particularly for manufacturing. i also want to close those loopholes that are giving incentives for companies that are shipping jobs overseas. i want to provide tax breaks for companies that are investing here in the united states. on energy, governor romney and i both agreed that we have to boost american energy production, an oil and natural gas production are hired and have been in years. but i also believe that we have to look at the energy source of the future like wind, solar, and biofuel, and make those investments. all of this is possible. in order for us to do it, we do have to close our deficits. how do we do with our tax code, and how do we make sure that we are reducing spending in a responsible way? this is where there is a difference, because governor romney central economic plan calls for a tax cut on top of the bush tax cuts, and $2 trillion in additional military ssending. how we pay for that, reduce the deficit, and make the investmen
.2 million new jobs over the past two and a half years. this morning we found out that the unemployment rate has >> campaigning in virginia coal country, mitt romney tried to dig through the latest jobs numbers to make the case president obama has not hit pay dirt just yet. >> there are fewer new jobs created this month than last month. and the unemployment rate as you noted this year has come down very, very slowly, but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> reporter: still, one of reen's key metrics on the president's handling of the economy went up in smoke when the nation's unemployment rate dipped below 8%. >> 8% unemployment for over, how many, 43 months? we still have unemployment above 8%. he told us he'd get us back to work. unemployment above 8% month after month after month. >> reporter: it's a political bar romney has repeatedly accused the president to clear for months. repeated in his closing statement at the first presidential debate. >> we've had 43 straight
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